The key here is to invest in crypto just like you would in any other market. One needs to look and see what’s driving the market, look at the technologies that make it all work, look at the patterns that have developed, and the risk involved (most important).

We will describe these cryptocurrency trading strategies for you here, and the first ones we’ll review are the technical strategies.  With technical trading, you have two basic strategies to use for the trading of cryptocurrency.  You’re either going to trade with the trend/momentum of the current market, or you’ll be trading for mean reversion.  Mean reversion is when you think the spring has been pulled too tight, and your waiting for that spring to snap back to an equilibrium point.

If you choose the momentum route, then you will be waiting for a trend to occur one way or the other and waiting to see a little bit of a retracement to buy or sell for a continuation of that trend.

When dealing with breakouts, which is when tokens are at a certain level and are struggling to push past it. If you wait until those coins finally break out, and then purchase those coins just as they do, it should then spike up and you can make some nice profits in a short amount of time with this method of trading.

Now, of course, you will want to do your due diligence and make sure that you know what the market conditions are first, and what the previous price levels have been when trying to predict the appropriate time to get out. Knowing when to get out is the most important thing about this type of strategy. So, apparently, timing is everything here, and the more you know the better off you will be when judging for the appropriate times to buy or sell so that you have the greatest opportunity for the biggest profit.

Now, about mean reversion. When looking back at charts for cryptocurrency trading from the times gone by, most of the plays have been in the momentum category. If we have the condition for mean reversion with a range-bound environment, one should be very cautious when we have momentum. If everyone else is buying and you’re trying to sell you are going to get run over as if standing on the tracks in front of a freight train.

So, for this strategy, one has to wait for the right market conditions. If you’re swinging out, or swinging down, in a period of indecision (however long that period may end up being), and your back and forth testing highs and testing lows within reasonable ranges, then mean reversion is the strategy you want to employ for your trading.

Mean reversion is where the investor assumes that the price of a coin will remain at an average price level over time.  Upward trends, and downwards trends, are expected to revert back to the average over the long haul. This means you need to know the charts well and be able to figure out what the average price for the cryptocurrency you intend to trade in. When the coins are less than the estimated average that is when one wants to make a few purchases. When the price is higher than the average it is expected to drop back down to the mean price and that would be the time to sell.  Of course, figuring out just when to sell is the trick, and that is where the gamble comes in.

Then there are the fundamental strategies. Some people say that fundamentals are the valuation of crypto, but it is challenging to value a cryptocurrency as there is no chart giving the earnings and the assets to derive a valuation from. Cryptocurrency is all about speculation, with one guy saying it’s worth a high price that reaches into the stratosphere while another says it’s worth squat.

Fundamentals cover things like crowd behavior and news flow.  Crowd behavior means that when the “crowd” is piling in while the price is of a coin is pushing upward, maybe you will want to ride the momentum (with caution as these people may end up getting trapped within it), or it could be a situation where everyone is in the thing and now the coin is seeing a downturn, and they are all trying to piling out.

Knowing generally how people are behaving, how they are feeling about the coin’s activity, and the news flow (i.e. government, or big business factual news about the space) surrounding the upturn or downturn that will push it one way or the other is the key to this strategy for the trading of cryptocurrency.  One can’t really tell exactly but using the right clues we can make smart decisions based on the preponderance of the evidence.

For example, if it was thought that things were getting very frothy, and most of the people who were getting in were just gamblers who were buying on credit, then that might be the time to cut loose using that as your signal rather than using a technical one.  On the other side, if you have cryptocurrency that is just hammered to the floor with everyone thinking it’s dead and everyone’s out of it, one can use this opportunity to make a few purchases as a long-term investment and wait for the upturn.

With these cryptocurrency trading strategies, you can make your purchases based on the strategy that you like best, or combine the strategies and build yourself a unique,  and sophisticated, trading strategy based on a combination of technical information and perceptional info that combined will give you the best shot at coming out on top.  Understanding how to trade cryptocurrency is a formula for success. Of course, there are never any guarantees when it comes to trading, but using good strategies is always better than merely plunking your money down and hoping for you get lucky.

The post Cryptocurrency Trading Strategies – How To Trade For Success appeared first on Crypto Investing Insider.

The most popular of all the digital currency that exists today is the one called Bitcoin, and it is unique in that it isn’t attached to any country, or central issuing authority.  That means that there is no central authority deciding on how many coins to make, or when to make them, or keeping track of where they are or investigating the movement of the coins from one person to another.

Cryptography is what makes the whole thing work, which is why they call Bitcoin the world’s first “cryptocurrency.” These electronic coins can be traded on a worldwide network that allows communication and trading from peer to peer.  If you are unfamiliar with peer to peer trading, think about the networks that allow people to share certain kinds of files like music, books, and other media types.

You ask yourself, what is to stop me from making fake Bitcoins and becoming rich?  Well, Bitcoin isn’t the kind of electronic information that can be duplicated.  It is rather an entry of a giant global ledger system called a blockchain, and this ledger records every Bitcoin transaction that has ever happened.  Currently, there is more than 100 GB of Bitcoin transaction data recorded on this ledger.

When you send the Bitcoins it isn’t like you are sending then a file from your computer, but rather you are writing down the transaction, electronically of course, into this big ledger.  There is no one group of people who update the ledger, and like the internet itself the keeping of the ledger is diffused among the many.  Anyone can volunteer to help keep the ledger up to date, and a ton of people do donate their time to do this work.  Since many people are keeping track of the same thing, it ensures that the information is kept accurate.

It would be kind of like playing a game of poker with your buddies, only no one has chips or money on them to keep track of the winning and losing.  In this scenario, a few of you might get out some paper and start writing down the bets, and with more than one of you writing it down the accuracy of the betting can be accurate.  Since no one completely trusts the others the ledgers are kept separate, and at the end of every hand those keeping the ledgers compare what they have written down to ensure an accurate record. If anyone makes a mistake, or tries to cheat, it will be caught by the others and that is a great way to self-police the Bitcoin transactions.

Pretty soon, if the game lasts a while, you will have several pages of information about the movement of the money from player to player.  Each page can be thought of like a block of transactions, and eventually you will have pages and pages of information, and that is comparable to a blockchain.  One might ask how the ledges are all kept in sync since there are thousands of people keeping their own ledgers and uploading the information at different times.

In keeping with the poker analogy we are going to think of the Bitcoin community as a giant poker table filled with people writing down the bets and movement of money from person to person, millions of them.  When you want to send or receive money you have to shout that out to the rest of the people sitting at the table so they know you have something coming, and can use the information to update their ledgers.  So, for all your Bitcoin transactions you need to give a couple pieces of information to the Bitcoin network.  Your account number, and the account number of the person you are sending Bitcoins to, and how many or your bitcoins you want to send.  That way all of the users keeping track will update their ledgers to the current block of information.

If all you need is a couple account numbers to send Bitcoin one might ask how secure is this really?  Certainly, with real money, just having this level of security wouldn’t be enough to protect one from being ripped off right?  Well, Bitcoin is kept pretty safe thanks to the aforementioned cryptography, which uses “keys” which is really just chunks of information used to mathematical guarantees about the messages that get sent out to everyone at the poker table.

When you create an account on the Bitcoin network, otherwise known as a wallet, your account is linked to two very unique “keys.” One is your private key, and one is your public key.  The private key has data that works like a signature for your messages, and lets people know that it is really you sending the message.  Only you have access to this key, and no one else can replicate it.  You can then send out your messages, and the other members can use your public key to check and see if the signature matches.  When it is confirmed, and those keeping track of the ledger will know to place your transaction within the blockchain.  Unlike your own signature, this information (your private key) can’t be faked, and the checking with the private key also cannot be faked.

Now, the information about “who” is sending these Bitcoin messages is important to be sure, but so is the “when.”  Let’s say you have $100 bucks in your bank account and try to buy two things costing a hundred dollars.  Your bank would honor the first transaction that comes in and pay out the money, and reject the second transaction and charge you some hefty fees right?  A similar check is built into the Bitcoin network.  Both your “Wallet,” or account, and the Bitcoin network will check all of your previous transactions to ensure you have enough Bitcoins to make the transaction happen.

Since the ledger keepers are all over the world, in different places and different time zones, how do they keep the transaction requests straight?  Math.  To put information on the chain, each computer that is keeping an electronic ledger has to solve a specialized math problem created something known as a cryptographic hash function, which basically is an algorithm that takes input information of any size and turns that into an information output that has a fixed size.  So let’s say you had to input the numbers 5,6,7,8,9,10, and the hash function instructs you to add all those numbers together.  The answer of course is 45, and what makes these hash functions so good for cryptography is that when you are given an input (the question) it is really simple to find the output (the answer), but very difficult to figure out the original input by looking at the output.

Bitcoin uses something called SHA256, which is the name of the hash function they use, which means secure hash algorithm 256 bit, and was originally brought out by the National Security Agency.  Computer designed to specifically figure these things out take approximately 10 minutes to come up with the answer (finding the input by looking at all the ways to make numbers add up to the output amount).  This means their computers are having to calculate guesses at the answer a billion times or more before the computer gets it right, and whoever’s computer solves the equation first gets to add the next set of information to the chain, and that makes for a new math problem to be generated which will have to be solved. If a bunch volunteers make blocks of information at around the same time, then the network will pick one of those to keep building on. Anything added to the alternate chains get absorbed into a pool and get attached to later blocks of information.

People who volunteer to solve these problems and enter the information into the ledger spend lots of money to buy the special computers needed to solve the problems so that they can add to the chain.  One might ask what they get out of all of this.  Well, Bitcoin has a built in system to reward them for their work.  Every time they win the race to solve the math problem and add their information to the chain they are awarded some Bitcoins to their account. Depending on the value of those Bitcoins, that can add up to a whole lot of money.

So if you’re thinking about getting into Bitcoins there are some really good advantages if you have a Bitcoin investment strategy.  This new type of currency may one day make “real” money obsolete altogether.

The post What is Bitcoin? appeared first on Crypto Investing Insider.

Last week, a story appeared in the Belgian national newspapers regarding new ‘smart meters’ which are going to be forced to consumers in 2019 by the Belgian government. A lot of issues are being raised regarding data privacy. In contrast to the Netherlands, there will be no system to shut down the meter’s communication function to outside services (standaard.be — 16 April 2018).

In this post, I will explain how blockchain technology can solve these issues regarding data privacy, while at the same time ensure transparency to all stakeholders involved, and offer new opportunities.

Why should I care?

If you don’t care about the privacy issues regarding smart meters, think again. Here is an example scenario: You and your partner both have a 9-to-5 job, so during every standard weekday, almost no energy and water are being used. This daily pattern gets recorded by smart meters in detail. The data gets stored by different service providers who have direct access, like your energy company for example. Next, a data breach happens, or a rogue employee sells your information on the dark-web. Now your data is out there, and so is your privacy. Criminals now know exactly when you aren’t home. Even worse, they know when the whole street isn’t home…

So now you do care about privacy, but at the same time still want to enjoy the benefits of smart-meters. For example, having access to this digital data can help you mapping your energy consumption, and thereby help you in reducing your energy consumption. At the same time, you would like to automatically send aggregated data (like monthly usage) to your energy company, so they don’t need to pass by the house anymore.

So, how to ensure you have control over your own data?

Yes, with blockchain!

Ok, so blockchain… but how would this work? Consider the picture below.

Instead of your smart-meter sending (your) data to a centralised party (e.g. your energy company), the meter stores it locally, in the device itself, or another device that you own — and trust. The special thing about this storage is that it is actually a blockchain node. Yes, even your smart-meter itself can be part of a blockchain network. Another option, is that your own house can be used as the trust anchor, hosting its own blockchain node, or sending the data directly to a trusted hosted blockchain node in the cloud.

And what would be the difference with normal storage? Blockchain networks are very good at keeping track of who owns which asset across a decentralised network of nodes — meaning no centralised party is necessary anymore to store this single source of truth. ‘Data’ can also be seen as an asset. And because it’s your data that you store on a blockchain, you have the ability to define the rules about who gets access to which part of your data. While at the same time, you are still registered as the owner of the data itself. These changes in rules are also stored on the blockchain, which in turn results in everyone interacting with this blockchain, to automatically comply with these new rules.

Changing these rules can be done by a simple web-interface, once authenticated. This way, you maintain complete control over your own data. You can choose to share different parts of it with people and companies you want, in very transparent and secure way. See the screenshot below as an example.

Benefits

Clearly, this all brings some nice benefits to the table for different stakeholders.

Data privacy

You don’t want to share your smart-meter data with anyone? That’s fine. You can ‘opt-out’ by simply ‘flipping a switch’ (like in the screenshot), that will change the rules on the blockchain, which in turn limits access to all other parties automatically.

Data ownership

It’s your data, so you are the owner. Blockchain technology enables everyone to keep track of who owns which asset (‘data’ in this case) without the need for a central party to keep track. Only the owner(s) of the data can decide who becomes the new owner(s) by transferring their ownership.

Data portability

Today, companies can be seen as silo’s or ‘verticals’ when it comes to data storage. Consider the scenario where you want to change from energy company. You’ll need to onboard again with the new company and sign off with the old one. On top of that, you’ll likely lose all your data stored at your old energy company unless they are willing to provide this to you.

In the blockchain scenario, if energy company A and energy company B are both part of this blockchain network, it’s much easier to bring your data from one company to another, since it can already be accessed via the blockchain. As a user, you’ll only need to alter your access control rules, to allow the new company to access your data in the way you defined it. (And while we are at it, even the process of changing from energy company itself can be done automatically, by digitally signing a smart contract on the blockchain itself… but that’s beyond the scope of this post.)

Or consider the scenario, where you have moved to a new house. Because your data is securely stored on the blockchain, you won’t lose it if you get a different smart-meter in your new home.

Data sharing

Not only can you share your smart-meter data with your energy company through the blockchain layer, you can now also choose to share it with other households, or any other participant who can authenticate himself on the blockchain. This opens up a lot of new possibilities.

• New service providers can more easily enter this market, since the playing field of accessing data is now made even for everyone (so not only your energy company).
• Local governments can participate to get a better view on how their districts are doing in terms of energy and/or water use. Thereby offering new grants for example to their local citizens for improving their houses.
• Locals can compare their energy use directly with their neighbours, to see how they are doing in comparison. All without the need for a central party to host their data.

The Internet of Assets

Have you noticed that I haven’t mentioned cryptocurrencies in this post (up until now)? Cryptocurrencies are just other assets, just like your data, which both can have value. It’s important to know that using crypto isn’t always necessary when using a blockchain layer. Just like in this example of smart-meter data, no crypto would be necessary when using permissioned blockchain technology, like BigchainDB or Hyperledger Fabric. (side note: public blockchains always involve cryptocurrencies)

However, you could still choose to include cryptocurrencies in the case of permissioned blockchains. Why? Because it enables even more possibilities. It helps in incentivising stakeholders to open up their data and interact with each other. Now you are entering the playing field of Game Theory.

For example, instead of sharing your data without reimbursement. You can now ‘sell’ your own data in return for crypto. That way, you get incentivised to share. But if you can sell your data (which is an asset), why not sell your energy (which is also an asset) directly to your neighbour?

The Future Future

A lot of new possibilities start appearing thanks to blockchain technology. Hopefully, you’ll start to see now why blockchain technology gets so much interest from various sectors, businesses and communities.

Cheers!

From Analog to Blockchain was originally published in wearetheledger on Medium, where people are continuing the conversation by highlighting and responding to this story.

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The IoT has been incorporated into different products across several industries in recent times to make things easier for man. It isn’t surprising that the technology is now utilized in the cryptocurrency industry. The project which is popularly referred to as the blockchainless blockchain is aimed at providing crypto traders with a more secure and open market for conducting transactions faster and easier.

The project is named IOTA and has been publicly described as the next generation blockchain by its developers. However, whether cryptocurrency researchers and observers agree that IOTA is the so-called future of the blockchain space is highly debatable. The developers also asserted that the project is designed to rid the blockchain of all the issues currently faced by individuals who invest and transact through it.

The co-founder of IOTA, David Sonstebo has previously discussed that the new project is the first to go beyond the blockchain, thus eliminating the issues previously encountered with regards to miners as well as solving the major issue faced by investors which are the removal of the need to pay a transaction fee. Some cryptocurrency researchers argue that the company can’t substantiate this claim.

In other instances, the IOTA team of developers haven’t handled criticisms very well, especially those that have to do with the security holes in the project. The project received a warm welcome from many tech enthusiasts who believed that it’s really the future of the blockchain space, but shortly after, the negativity started to creep in. It’s reported that negative remark on the IOTA technology started last September after a group of researchers from DCI (Digital Currency Initiative) operated by MIT discovered something they believe to be a hole in IOTA’s code.

Is IOTA Coded Correctly?

The researchers reportedly argue that the developers of the project used a hash function known as P-Curl created in-house to secure the data on the system which isn’t accepted among cryptographers because it has not been studied and understood compared to those that are already in use in the cryptocurrency industry. Meanwhile, IOTA team of 150 developers and cryptographers stated in reply to the MIT researchers that their decision to use P-Curl is, in fact, intentional to block out other developers who may want to copy their open-source software.

Researchers have failed to make any sense out of this argument tendered by the IOTA team, as the basis of open-source software is to provide other developers with the opportunity to copy the technology freely. Other researchers believe that the project is vulnerable even with the hash function. However, the team didn’t take these criticisms well as Sergei Ivancheglo the co-founder of IOTA tweeted threatening remarks target at Ethan Heilman, a Boston University researcher who reported the vulnerability in the hash function.

Ivancheglo’s tweet made headlines and was a topic of discussion during the Financial Crypto 2018 conference which was held in February. Although this is nothing new in the cryptocurrency space, many researchers and observers argue that a threat of lawsuits may negatively affect and undermine the cryptocurrency space. This is because researchers try to analyze the actual state of projects and not just what the developers claim it to be thereby making thing more secure for both investors and developers.

Users and researchers may immediately report bugs when they notice them, which will invariably lead to a timely fix thereby preventing loses and inconveniences but this will not be possible if the developers are threatening lawsuits. For this reasons, cryptocurrency experts have entertained doubts with regards to the success of IOTA. The question of IOTA’s success can’t be asked without inquiring about the faith of its investors and users that are supporting the network with about $5.8 billion by market capitalization.

Is $4 Million in Losses Okay?

Other reports have revealed that although there’s no data stating that IOTA investors and users have lost as a result of the in-house created hash function, investors have lost a substantial sum of cryptocurrency amounting to $4 million as a result of what crypto observers believe to be ineffectiveness on the part of the developers. These observers argue that IOTA’s wallet didn’t feature a seed generator which was supposed to help investors and users to create keys that will be used to control their coins.

IOTA team of developers always have excuses to offer, and on this, they argued that the foundation provided users with a list of websites that are secured, but some users decided to visit websites that were not listed. They added that these naive individuals unknowingly gave their private keys away to the operators of the fake websites who stored keys that were created by users and then used it to steal their coins.

This argument didn’t absolve IOTA foundation from the blames as researchers argue that it’s the fault of the foundation that the funds were stolen as it should have taken steps to ensure that its official wallet featured a seed generator. Other observers have attributed IOTA’s failure to create a seed generator to malice as it’s something that should have been done with just a line of a simple code.

The code is short and straightforward, and yet it would have prevented the theft of the funds of IOTA users and investors. It’s believed that the failure of the IOTA foundation to accept liability for errors that are as a result of the vulnerability of its technology will undermine the project and scare aspiring investors away. These vulnerabilities and setbacks have given cryptocurrency enthusiasts a course to think that IOTA may not be the next generation blockchain its developers claim it to be.

The IOTA foundation may have made a massive mistake by not including a seed generator in their software, resulting in thieves figuring out a way to rip-off customers and investors, but is this really the negligence of IOTA or the people who trusted 3rd party sites with vast sums of money. When will people learn? There are always people looking to steal from us. If you give your private key away, or in this case your seed, what should one expect?

The post IOTA: The Next Generation Blockchain (Or Not?) appeared first on Crypto Investing Insider.

Rewind to the beginning of 2017 and hardly anyone could name a cryptocurrency other than bitcoin. Today it seems wherever I go, the first thing people want to talk about is what cryptocurrency am I recommending? Everyone wants to make that big payday blockchain investment while staying clear of the latest crypto-scam.

Scams have made headlines since the inception of the internet and with the advent of cryptocurrency, the topic is still trendy. Scams in the cryptocurrency space, both recorded and unrecorded, continues to multiply on a daily basis, with recent updates suggesting that about $9 million is lost daily to cryptocurrency scams.

The most popular types include Ponzi schemes, fraud, phishing, initial coin offering (ICO) scams, hacking, fake application, and even theft. Although this is heartbreaking, it’s believed that individuals who indulge in these distasteful activities, both the investors and the operators of the schemes, are forced to do so by their station and financial status. Cryptocurrency enthusiasts hope that the scams in the industry will be reduced to a minimal level as technology advances rapidly.

However, it’s clear that with the advancement of scams, there’s also the further development of increased sophistication and higher frequency. New strategies to scam investors are devised on a regular basis and the population of individuals who engage in these schemes continues to grow. It’s believed that the scams in the cryptocurrency industry are what has set the government of many nations as well as financial institutions and experts against the notion of digital coins.

In recent times, financial institutions and even search engines and social media platform have taken active steps to reduce or ban transactions and ICO ads from their platform. Financial experts have also dedicated time and resources to educate investors across the globe of the risk involved in putting cash into digital coins. Meanwhile, the number of investment in this virtual currency continues to multiply.

A few financial experts have taken a different stand, stating that investors are not to blame for putting their money into something as uncertain as cryptocurrency investment, rather their impecuniosity should be seen as the culprit.

It’s true that a substantial proportion of the population has close to zero investment opportunities. The heat of this situation can be safely blamed when such individual decides to invest in get-rich-quick schemes in the cryptocurrency space or even partake in such activities. For instance, Ponzi schemes promise to reward its investors with a substantial amount of money within a short period of time, which sounds exciting to individuals who tirelessly search for ways to make ends meet.

It’s believed that the risk in the cryptocurrency space is not half as much as that in the lotto and gambling industry, yet the government legalize it and forbid cryptocurrency transactions. Statistically, it’s estimated that about half of United States adult play the lottery. This a large number and if an average lottery player wages $5 a week, it will amount to $260 annually, which is almost a certain guaranteed loss.

It’s important to state that this figure does not include the money spent betting on illegal gambling schemes such as online poker or sports betting where the figure may be quadrupled. Cryptocurrency, on the other hand, is believed to be a risky exercise that offers no guarantee or consumer protection, but this point can be safely argued otherwise.

A smart and intelligent cryptocurrency investor can convert a meager capital into a substantial sum of money in the digital coins space, but no matter how disciplined a gambler is, the improbabilities in the betting industry are unimaginable. There are over 1500 cryptocurrencies and this number is rapidly increasing on a daily basis. After calculating the possibility of growth and profit, an investor can easily purchase the digital coin he desires to own right from the comfort of his home with no intermediaries or involvement of any governmental or financial institutions.

Cryptocurrency investments provide ample unprecedented opportunities for investors. Storing cryptos in vaults or online wallets, waiting for its value to multiply may sound like a child’s play to many financial experts but it‘s better than the lottery, as it gives individuals a total control over their assets.

Furthermore, no matter how little your investment or how risky a cryptocurrency investment is, a skilled and hardworking person can make substantial returns in no time. New investment opportunities continue to evolve in the cryptocurrency space. This even gets better as digital coins are now easily procured with the development and installation of cryptocurrency automated teller machines (ATM).

In March, reports states that two cryptocurrency ATMs where installed in Georgia in order to make the exchange of bitcoins and Litecoins hassle-free with support for Ethereum and Dashcoin expected in the near future. Many online stores now allow customers to pay for goods with digital coins with lower fees compared to the traditional currencies.

In addition, a new concept known as Bitcoin IRA provides investment opportunities for retirees. It helps to create a cryptocurrency IRA investment account that can be benefited from retirement. Retirees will only have to pay fewer fees compared to that of the traditional currency plus, they just have to sit and watch their investment grow in the cryptocurrency space.

Cryptocoins are rapidly growing in terms of awareness, acceptability, and investments. It can now be used to make payments for products from local and international stores ranging from the purchase of groceries to the management of online contents as well as the procurement of digital assets.

Even with the risks, high volatility, scams and hacking activities in the cryptocurrency space, it still provides innumerable investment opportunities for its users and it’s believed by many cryptocurrency enthusiasts that this is just the beginning. The industries are projected to grow like wildfire over the next decade, providing new investment opportunities and revolutionizing financial institutions in ways that were practically impossible with the traditional currencies. Digital coins provide everybody with equal opportunity to own it and take part in the growth of the industry over a period of time.

The post Cryptocurrency Investing — Why Some Get Scammed While Others Get Rich appeared first on Crypto Investing Insider.

Is bitcoin done? Or is it the best buying opportunity we will ever see again?

Bitcoin has tumbled below $7000 for the first time since February, by doing so, has entered one of the strongest bearish technical signals, the dredged “death cross.”

This is where the 50-day moving average crosses the 200-day moving average, what we would consider a negative technical indicator that’s associated with downward market trends. As indicated below, the 50-day moving average has just touched the 200-day moving average.

The post The Dredged Death Cross Emerges — Will Bitcoin Go Bust? appeared first on Crypto Investing Insider.